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Singaporean Firms are Trying for New Markets in Africa

By SG Editor·
Modern Nairobi office of Thunes, a virtual currency platform.

Interior view of Thunes’ Nairobi office showcasing modern design and branding.

Originating within Singapore’s bustling fintech scene, Thunes now integrates over 30 African financial ecosystems, working in concert with key partners like M-Pesa, Orange Money, and MTN Mobile Money. Operating in 132 countries globally, Thunes serves as a financial nexus, linking 3bn mobile wallet accounts with 4bn bank accounts. Since its inception in 2016, it has facilitated transactions exceeding $50bn, earning revenues by charging up to 5% per transaction.

AFRICAN BUSINESS